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03.03.2021 12 new Morning Note posts under Morning Note (10) and General (2)

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"CAPIS Morning Note 2/8: Futures Higher For A Fifth Day In A Row, Brady Wins Again!!"

posted by CAPIS on 02/08/2021 at 7:41 am

by CAPIS

02/08/2021 at 7:41 am

Interesting Facts:

The S&P 500 has stalled out after any four day rallies since 8/28 that concluded a six day rally. If up today, then this will be the sixth up day in a row breaking a six month streak that stalled at four days. Impressive.

The polar vortex is now in the upper third of the United States this week. Natural Gas prices should move higher.

Tom Brady has now won 7 Super Bowls. More than his old team the Patriots and even the Steelers. Number 8 next year?

 

Covid-19 Statistics: 

Total Cases 26,796,705 from 26,700,702

Deaths 454,134 from 452,660

New Tests 1,480,757 from 1,847,899

New Cases 96,003 from 113,927 with positivity rate of 6.5% (up 0.3)

Daily Deaths 1,474

Current Hospitalizations 81,439 from 84,233

Capital Raises:

IPOs Priced or News:

Secondaries Priced: BIOL POLA of note.

Notes Priced of note: None of note.

Common Stock filings: WYNN RSI POLA OCGN HOFV EBON of note.

Selling Shareholders of note: IMAB HOFV SBLK RSI  HIMS of note.

Mixed Shelf Offerings: UAVS SNAP SEAC  of note.

Convertible Offering Files: None of note.

Summary From The Trade Exchange bringing traders and investors real time news and Squawk Box.

Earnings Out After The Close Of Note:

Beats: PRSP +0.04

Flat:  none

Misses: none

News After The Close:

Gores Holdings VI (GHVI) in talks with a merger with Matterport. (Bloomberg)
Orion Engineered Carbons (OEC) will increase pricing on acetylene black by 20% on March 1st.
i3Verticlas (IIIV) buys asssets of Business Information Systems for $87.7 million in cash and stock.
Lockheed Martin (LMT) wins $480 million Navy Contract.
Spotify (SPOT) ups stake in Tencent Music (TME) to 21.1%.
There is no deal with Apple (AAPL) and Hyundau/Kia on an electronic vehicle.
Barron’s + on HLT UA AMZN VNO BXP PLD DRE  and +/- on PTON.
Dividend Increases: RNR ALLE 

Split Announcement:

Raises Guidance: 

Lowers Guidance: 

Stock Buyback New Or Increase: 

Insider Buys: SRCE AFG APEN DCOM  (source The Trade Exchange)

Erlanger Valuelines: Volatility is on the rise as noted by the blue highlighting. Updated 2/4 Close

Hourly Action – Updated 2/3 close. Indexes struggled 2:00 onward last week.

What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Quick comment -Futures are  strong this morning making it the fourth up day in a row.

S&P 500 +16  Dow Jones Industrial Average +150  NASDAQ +65   Russell 2000 +22. Fair values are lower. Asia higher and Europe higher. VIX is at 26.56 from 26.67 this morning in futures. VIX closed at 20.87 from 21.77 and the three month futures at 26.52 from 26.79.

Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at 136.53 from $136.73 with the yield at from 1.14%.

Positive Sectors On Friday: Materials, Communications Services and Consumer Cyclicals of note.

Negative Sectors On Friday:  None of note.

One Month Winners: Energy, Financials Real Estate and Industrials  of note.

Three Month Winners: Industrials, Communication Services, Utilities and Financials of note.

Six Month Winners: Consumer Cyclical, Industrials, Technology and Materials of note.

Twelve Month Winners: Technology, Consumer Cyclical, Communication Services and Healthcare of note.

Year to Date: Energy, Materials, Healthcare and Financials of note.

Upcoming Earnings Of: (sorted by market cap, highest to lowest with most visible names)

 Today After the Close: KKR, SPG, TTWO, NUAN, CHGG, JKHY, RE, RGA, ACM, OMF, CDK, VRNS, LEG, RAMP of note.

Tuesday Before the Open: FIS, SPGI, DD, CNC, CARR, TDG, WLTW, INCY, FOXA, MLM, RCL, CGC, MAS, IT, OMC, CVE, ARMK of note.

Earnings This Morning Of Note:

Beats: AMG +0.54, CUB +0.38, ENR +0.28, CNA +0.23, SAIA +0.21, HAS +0.13, CRNC +0.08, GPN +0.04, DNB +0.02

Flat: none

Misses: none

Still to Report: GTES

Erlanger Research Advance/Decline Chart –  Updated 2/5 Close. Definite improvement this past week. 

Gap Ups & Down In Early Pre-Market:

Gap up:

CRHM +78%, OCGN +66%, WPRT +48%, SNPR +25%, LIZI +23%, CLNE +15%, IDYA +14%, GHVI +13%, CNA +13%, YY +8%, CMI +4%

Gap down:

SBLK -7%, POLA -4%, WYNN -4%

Rags & Mags: Highlighted Stories may be clicked through to the original story. 

5 Things To Know Before The Open – (CNBC)

Stocks Making The Biggest Moves –HAS PLTR ENR  (CNBC)

Biggest Analyst Calls of The Day – AAPL TSN PETC EL (CNBC)

Covid Update –  AstraZeneca (AZN) works on variant of Covid in South Africa and pulls vaccine there. (CNBC)

Treasury Secretary Yellen notes that economy can reach full employment if stimulus plan is passed with stimulus checks at $60,000 level. (CNBC)

U.K. variant of Covid-19 is spreading quickly in the U.S. (NY Times)

Democrats to propose $3000 per child in terms of direct payments. (The Washington Post)

President Biden notes will not lift Iranian sanctions until they stop uranium enrichment. (CBS News)

Stock Index Trading:

Current through 2/5 close. Overall confidence remains at 100%.

Bold means a change from prior day.

Geopolitical:

The President and The Vice President receive the President’s Daily Brief, Oval Office, 10:15 a.m. EST

Press Briefing by White House COVID-19 Response Team and public health officials, The White House, 11:00 a.m. EST

Press Briefing by Press Secretary Jen Psaki, James S. Brady Press Briefing Room, 12:00 p.m. EST

The President and The Vice President virtually tour the State Farm Stadium vaccination site in Glendale, Arizona, 2:30 p.m. EST

Federal Reserve Cleveland President Loretta Mester speaks at 12:00 p.m. EST.

Economic:

None of note.

Investor, Sellside and Industry Meetings

NVS (Update) HQY (Sellside) TGTX (Conference Call)

Sellside: DAIWA Investment Conference (2/8-2/11)

Industry Conferences: Microsoft Global Education Partner Summit (2/8-2/10) American Society For Transplantation and Cellular Therapy

M&A Activity:

Upgrades & Downgrades of Note This Morning: Note that downgrades remain prevalent in February.

Friday Sellside Recommendations

DISCLAIMER

This communication is for informational purposes only and is solely intended for use by institutional investors. Use of this communication by others, including retail investors, is prohibited. No statement herein is to be construed as a recommendation to purchase or sell a security, or to provide investment advice. Certain products, including options and futures, may involve substantial risk and are not suitable for all investors. The information on this webpage is provided by an independent third party. While the information and opinions presented in this material have been obtained or derived from sources believed by Capital Institutional Services, Inc. (CAPIS) to be reliable, CAPIS makes no representations concerning its accuracy or completeness, and accepts no liability for loss arising from the use of this material.